House Prices

House Prices & Home Values Lima, OH 2026


Average Data

average house price$131,077
average size per house6834 ft²
average price per ft²20 $ / ft²

04/22/2026 - The value range (VR) for house prices in Lima, OH is $4/ sqft to $89/ sqft. An average home with 6834 sqft costs approximately $27,336 to $608,226. Lima, OH includes 5 ZIP codes and it is located in Allen county. The lowest prices are found in ZIP 45806, while the highest are in ZIP 45807. The average price per sqare feet is $20. Our analysis is based on 38 property listings.

Avergage prices by ZIP codes Lima

4580139 $ / ft²
4580436 $ / ft²
4580588 $ / ft²
458065 $ / ft²
4580788 $ / ft²




Historical development of home values in Lima

Year Estimated value (USD) Change vs. 2025
2010 $60,875 -53.6%
2011 $58,521 -55.4%
2012 $58,363 -55.5%
2013 $60,544 -53.8%
2014 $63,555 -51.5%
2015 $66,817 -49.0%
2016 $70,304 -46.4%
2017 $74,098 -43.5%
2018 $78,195 -40.3%
2019 $81,821 -37.6%
2020 $86,050 -34.4%
2021 $97,873 -25.3%
2022 $114,098 -13.0%
2023 $120,322 -8.2%
2024 $127,282 -2.9%
2025 $131,077 0.0%

Graph: estimated home values in Lima over time (USD)



Example: 100% financing house in Lima

Loan amount: $131,077

Interest rate: 6.00%

Fixed monthly payment: $785.87

Breakdown in the 1st month:
Interest portion: $655.39  –  Principal portion: $130.49

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,820.83 $1,609.64 $129,467.36
2 $7,721.55 $1,708.92 $127,758.44
3 $7,616.15 $1,814.32 $125,944.12
4 $7,504.25 $1,926.23 $124,017.89
5 $7,385.44 $2,045.03 $121,972.86
6 $7,259.31 $2,171.16 $119,801.69
7 $7,125.40 $2,305.08 $117,496.62
8 $6,983.22 $2,447.25 $115,049.37
9 $6,832.28 $2,598.19 $112,451.18
10 $6,672.03 $2,758.44 $109,692.74
11 $6,501.90 $2,928.58 $106,764.16
12 $6,321.27 $3,109.20 $103,654.96
13 $6,129.50 $3,300.97 $100,353.99
14 $5,925.90 $3,504.57 $96,849.42
15 $5,709.75 $3,720.72 $93,128.69
16 $5,480.26 $3,950.21 $89,178.48
17 $5,236.62 $4,193.85 $84,984.63
18 $4,977.96 $4,452.52 $80,532.12
19 $4,703.34 $4,727.14 $75,804.98
20 $4,411.78 $5,018.70 $70,786.28
21 $4,102.23 $5,328.24 $65,458.04
22 $3,773.60 $5,656.87 $59,801.17
23 $3,424.70 $6,005.78 $53,795.39
24 $3,054.27 $6,376.20 $47,419.19
25 $2,661.00 $6,769.47 $40,649.71
26 $2,243.48 $7,187.00 $33,462.72
27 $1,800.20 $7,630.28 $25,832.44
28 $1,329.58 $8,100.90 $17,731.54
29 $829.93 $8,600.54 $9,131.00
30 $299.47 $9,131.00 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lima, OH


1500 sqft3900 sqft
Ø selling price$36,300$77,220
Ø fast selling$33,000$69,499
Ø high price sale$39,600$84,942

In 2026, houses in Lima, OH will be offered at an average price of $20 per square foot. A 1,500 sqft home priced at $36,300 is 24.89% more expensive per square foot than a 3,900 sqft home priced at $77,220. Home prices in Lima, OH vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $53,461. Sellers who can wait longer may achieve a higher price of up to $65,341.


Explore Lima, Ohio

Overview

Lima, OH is a friendly small city in Allen County along the I-75 corridor, offering Midwestern charm and convenient access to regional hubs.
Founded during the oil boom and strengthened by rail and manufacturing, Lima, Ohio blends industrial heritage with a growing service economy.

Economy and Jobs

Major employers like Ford Lima Engine Plant, healthcare networks, and advanced manufacturing drive steady jobs and workforce training.
Entrepreneurs thrive in downtown Lima with revitalized storefronts, co-working spaces, and incentives that support small business growth.

Attractions and Culture

Visitors enjoy the Allen County Museum, vibrant public art, and live performances at the Veterans Memorial Civic and Convention Center.
Local flavors shine at farmers markets and classic diners, while annual festivals celebrate community spirit and regional traditions.

Outdoor Recreation

The Johnny Appleseed Metropolitan Park District offers trails, nature preserves, and family-friendly parks like Ottawa Metro Park for hiking, paddling, and picnics.

Education, Healthcare, and Living

Higher education options such as the University of Northwestern Ohio and Rhodes State College partner with industry for hands-on programs and certificates.
Quality care at Lima Memorial Health System and Mercy Health St. Rita's Medical Center, plus a reasonable cost of living and diverse housing, make Lima appealing to families and retirees.

Getting Around

With quick access to I-75, U.S. 30, and regional airports, Lima, OH offers easy commutes and logistics for residents, students, and businesses.



FAQ – Home Values in Lima

What is the median home value in Lima in 2026?

In 2026, the typical home value in Lima is about $131,077 for an average home size of 6834 square feet. This corresponds to an average price of roughly $20 per square foot.

What is the average cost per square foot in Lima?

In 2026, homes in Lima sell for an average of around $20 per square foot, with a typical range between $4 and $89 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lima is about 6834 square feet, with an estimated 2026 value around $131,077.



Locations close to Lima, OH

Beaverdam, OH49 $ / ft²
Gomer, OH99 $ / ft²
Ada, OH69 $ / ft²
Wingett Run, OH223 $ / ft²
Whipple, OH112 $ / ft²
Watertown, OH117 $ / ft²
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